Software Toolworks Inc

Software Toolworks Inc., a Chatsworth company that publishes entertainment and instructional personal computer software, said it has agreed to buy Mindscape Inc., a Northbrook, Ill., personal computer software publisher, in a stock swap worth about $20 million.

Software Executives Fined by SEC: Three executives of Software Toolworks Inc., including two of the founders, agreed to pay a total of more than $2.3 million to settle SEC civil charges that they defrauded investors in 1990. The SEC said the individuals and the company misrepresented sales and withheld pertinent information in advance of an $82-million public offering, then sold 1.35 million shares, avoiding losses. The SEC said they also overstated sales and profits.

Software Toolworks Inc., a Chatsworth maker of games and other software for personal computers, said its earnings for the third quarter that ended Dec. 31 increased 163% to $1.67 million from $635,000 in the prior year. Revenues for the third quarter increased 56% to $6.06 million from $3.89 million a year before. Nine-month earnings increased 170% to $3.87 million from $1.43 million a year earlier. Nine-month revenues were up 109% to $16 million from $7.66 million for the same period in 1988.

Software Toolworks Inc., a Chatsworth producer of video games and personal-computer software, said its fiscal first-quarter profit soared to $5.88 million from $984,000 a year earlier. The earnings in the latest quarter ended June 30 included a $2.25-million tax benefit, and came on a 74% jump in Software Toolworks' sales to $22.3 million from $12.8 million.

Software Toolworks Inc., a Chatsworth producer of video games and personal-computer software, said its fiscal first-quarter profit soared to $5.88 million from $984,000 a year earlier. The earnings in the latest quarter ended June 30 included a $2.25-million tax benefit, and came on a 74% jump in Software Toolworks' sales to $22.3 million from $12.8 million.

Software Executives Fined by SEC: Three executives of Software Toolworks Inc., including two of the founders, agreed to pay a total of more than $2.3 million to settle SEC civil charges that they defrauded investors in 1990. The SEC said the individuals and the company misrepresented sales and withheld pertinent information in advance of an $82-million public offering, then sold 1.35 million shares, avoiding losses. The SEC said they also overstated sales and profits.

Leslie Crane says he is looking forward to June. That's when his Software Toolworks Inc. of Chatsworth will unveil a product at the Consumer Electronics Show that Crane says "has the potential for being the most exciting consumer electronics product of this year or the recent past." And what is it?

Software Toolworks Inc., a Chatsworth company that makes entertainment and instructional software for personal computers, reported it acquired Mindscape Inc. through a merger of Mindscape into a wholly owned subsidiary of Software Toolworks. The transaction was done in a stock swap valued at about $20 million. Mindscape, based in Northbrook, Ill., makes games for the Nintendo Entertainment System and develops other computer software products.

Leslie Crane says he is looking forward to June. That's when his Software Toolworks Inc. of Chatsworth will unveil a product at the Consumer Electronics Show that Crane says "has the potential for being the most exciting consumer electronics product of this year or the recent past." And what is it?

Software Toolworks Inc., a Chatsworth company that makes entertainment and instructional software for personal computers, reported it acquired Mindscape Inc. through a merger of Mindscape into a wholly owned subsidiary of Software Toolworks. The transaction was done in a stock swap valued at about $20 million. Mindscape, based in Northbrook, Ill., makes games for the Nintendo Entertainment System and develops other computer software products.

Software Toolworks Inc., a Chatsworth maker of games and other software for personal computers, said its earnings for the third quarter that ended Dec. 31 increased 163% to $1.67 million from $635,000 in the prior year. Revenues for the third quarter increased 56% to $6.06 million from $3.89 million a year before. Nine-month earnings increased 170% to $3.87 million from $1.43 million a year earlier. Nine-month revenues were up 109% to $16 million from $7.66 million for the same period in 1988.

Software Toolworks Inc., a Chatsworth company that publishes entertainment and instructional personal computer software, said it has agreed to buy Mindscape Inc., a Northbrook, Ill., personal computer software publisher, in a stock swap worth about $20 million.

Connecticut investor John R. Purcell lowered his stake in Software Toolworks Inc. to 4.3% of the Chatsworth company's stock from 5.3%. In a filing with the Securities and Exchange Commission, Purcell said he sold 200,000 shares June 22 for $17 each, or $3.4 million. He now owns 856,474 shares, the filing said. Software Toolworks makes software for the Nintendo home-video system and personal computers.